On the SPX monthly chart here, I showed the Coppock curve (bottom indicator). I showed this indicator on the gold chart previously. What it shows is long term reversals when it crosses the center line. It is right on the line now. We should know next mth if this is indeed a major top reversal as I think it is. It has touched the line twice in the past and bounced off so you must wait for confirmation before concluding that reversal has occurred. Lets see what happens.
Click on the chart to enlarge
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